SK Engineering & Construction has won a large-scale petrochemical plant project in Thailand. The company said on August 29 that it clinched a deal worth US$210 million to build polyol plant within the Hemaraj industrial zone in Thailand's Rayong. This followed news that the company signed a $1.6-billion project to modernize an oil refinery in Iran earlier this month.

The plant, located 150 kilometers southeast of Thailand's capital Bangkok, is commissioned jointly by PTT Global Chemical, an affiliate of the country's state-run oil company PTT Group, Japan's Sanyo Chemical, and Toyota Tsusho.

Under the terms of the deal, SK E&C will take charge of building the plant with an annual polyol capacity of 130,000 tons. Polyol is the main ingredient of polyurethane, the material used for making automotive interior products and other construction and electronic applications.

The Korean company will be responsible for EPC (engineering, procurement, and construction) as well as pilot production. The length of the project will be 35 months after commencing on the construction.